Patient Capital Management LLC's Q4 2023 13F: 5 new positions, 4 exits
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Feb 14, 2024 · 42 reported positions · accession 0001085146-24-001375
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | KARUNA THERAPEUTICS INC (KRTX) | 1.8% | 0.2% | −1.6 pts | −165K sh | −93% |
| Exited | SPLUNK INC (SPLK) | 2.5% | — | −2.5 pts | −290K sh | −100% |
| New | CROCS INC (CROX) | — | 2.1% | +2.1 pts | +422K sh | new |
| Exited | OVINTIV INC (OVV) | 2.0% | — | −2.0 pts | −731K sh | −100% |
| Reduced | COINBASE GLOBAL INC (COIN) | 2.0% | 2.1% | +0.2 pts | −209K sh | −47% |
| New | ROYALTY PHARMA PLC (RPRX) | — | 1.9% | +1.9 pts | +1.25M sh | new |
| New | ILLUMINA INC (ILMN) | — | 1.8% | +1.8 pts | +241K sh | new |
| New | SEADRILL 2021 LTD (SDRL) | — | 1.7% | +1.7 pts | +663K sh | new |
| Exited | DXC TECHNOLOGY CO (DXC) | 1.5% | — | −1.5 pts | −1.2M sh | −100% |
| Reduced | UBER TECHNOLOGIES INC (UBER) | 2.5% | 1.9% | −0.6 pts | −332K sh | −36% |
| Increased | PELOTON INTERACTIVE INC (PTON) | 1.4% | 2.0% | +0.6 pts | +1.53M sh | +33% |
| Increased | GENERAL MTRS CO (GM) | 3.1% | 3.6% | +0.4 pts | +245K sh | +15% |
| Reduced | AMAZON COM INC (AMZN) | 5.8% | 5.8% | 0.0 pts | −56,394 sh | −7% |
| Increased | KOSMOS ENERGY LTD (KOS) | 2.6% | 2.3% | −0.3 pts | +1.05M sh | +20% |
| Reduced | JPMORGAN CHASE & CO (JPM) | 2.6% | 2.4% | −0.2 pts | −38,707 sh | −13% |
| Increased | CANADA GOOSE HLDGS INC (GOOS) | 2.9% | 2.4% | −0.4 pts | +529K sh | +16% |
| Reduced | CAPITAL ONE FINL CORP (COF) | 2.1% | 2.2% | +0.2 pts | −43,491 sh | −12% |
| Reduced | EXPEDIA GROUP INC (EXPE) | 5.9% | 7.5% | +1.6 pts | −35,547 sh | −4% |
| Increased | UNITED AIRLS HLDGS INC (UAL) | 2.7% | 2.7% | 0.0 pts | +130K sh | +12% |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | 1.2% | 1.1% | −0.1 pts | −255K sh | −20% |
| Increased | IAC INC (IAC) | 3.8% | 3.8% | 0.0 pts | +97,938 sh | +8% |
| Reduced | TRAVEL PLUS LEISURE CO (TNL) | 2.7% | 2.3% | −0.4 pts | −130K sh | −10% |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 3.2% | 2.4% | −0.9 pts | −57,661 sh | −9% |
| Reduced | MATTEL INC (MAT) | 4.6% | 3.3% | −1.3 pts | −234K sh | −7% |
| Reduced | ALPHABET INC (GOOGL) | 4.9% | 4.5% | −0.4 pts | −31,102 sh | −5% |
| Increased | DELTA AIR LINES INC DEL (DAL) | 4.0% | 4.1% | +0.1 pts | +87,939 sh | +5% |
| Reduced | CHESAPEAKE ENERGY CORP (EXE) | 1.6% | 1.1% | −0.5 pts | −45,034 sh | −14% |
| Increased | PRECIGEN INC (PGEN) | 1.2% | 1.1% | 0.0 pts | +2.23M sh | +16% |
| Reduced | FISERV INC (FISV) | 1.8% | 1.8% | 0.0 pts | −13,947 sh | −5% |
| Exited | FARFETCH LTD (FTCHF 3.75 05/01/27) | 0.1% | — | −0.1 pts | −2M sh | −100% |
| New | SPDR S&P 500 ETF TR (SPY) | — | 0.1% | +0.1 pts | +2,091 sh | new |
| Reduced | UBS GROUP AG (UBS) | 3.6% | 4.0% | +0.4 pts | −31,675 sh | −1% |
| Reduced | ROCKET COS INC (RKT) | 0.2% | 0.3% | +0.1 pts | −40,000 sh | −10% |
| Increased | SOFI TECHNOLOGIES INC (SOFI) | 1.8% | 2.0% | +0.2 pts | +48,004 sh | +1% |
| Increased | CITIGROUP INC (C) | 4.6% | 5.2% | +0.6 pts | +6,902 sh | 0% |
| Reduced | META PLATFORMS INC (META) | 3.3% | 3.5% | +0.2 pts | −928 sh | 0% |
| Reduced | CVS HEALTH CORP (CVS) | 2.5% | 2.5% | 0.0 pts | −4,143 sh | −1% |
| Reduced | ONEMAIN HLDGS INC (OMF) | 5.1% | 5.6% | +0.5 pts | −5,899 sh | 0% |
| Reduced | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 0.1% | 0.1% | 0.0 pts | −25,000 sh | −20% |
| Reduced | WESTERN ALLIANCE BANCORP (WAL) | 1.2% | 1.6% | +0.4 pts | −1,472 sh | 0% |
| Reduced | ENERGY TRANSFER L P (ET) | 4.6% | 4.1% | −0.5 pts | −4,986 sh | 0% |
| Reduced | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 2.5% | 2.7% | +0.2 pts | −1,012 sh | 0% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 48.1% of the equity book
Changes in the top 10 this quarter: GM entered · MAT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | EXPEDIA GROUP INC (EXPE) | 5.9% | 7.5% | |
| 2 | AMAZON COM INC (AMZN) | 5.8% | 5.8% | |
| 3 | ONEMAIN HLDGS INC (OMF) | 5.1% | 5.6% | |
| 4 | CITIGROUP INC (C) | 4.6% | 5.2% | |
| 5 | ALPHABET INC (GOOGL) | 4.9% | 4.5% | |
| 6 | ENERGY TRANSFER L P (ET) | 4.6% | 4.1% | |
| 7 | DELTA AIR LINES INC DEL (DAL) | 4.0% | 4.1% | |
| 8 | UBS GROUP AG (UBS) | 3.6% | 4.0% | |
| 9 | IAC INC (IAC) | 3.8% | 3.8% | |
| 10 | GENERAL MTRS CO (GM) | 3.1% | 3.6% | Entered the top 10 |
| — | MATTEL INC (MAT) | 4.6% | 3.3% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).